O Shaughnessy Asset Management LLC Has $3.71 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

O Shaughnessy Asset Management LLC boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,390 shares of the software maker’s stock after purchasing an additional 1,764 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Workday were worth $3,713,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new position in shares of Workday in the 4th quarter valued at $26,000. Roxbury Financial LLC acquired a new position in Workday in the fourth quarter valued at about $25,000. Avion Wealth increased its holdings in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares in the last quarter. TCTC Holdings LLC acquired a new stake in shares of Workday during the fourth quarter worth about $35,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Workday by 78.6% during the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock valued at $39,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Guggenheim restated a “neutral” rating on shares of Workday in a report on Wednesday, February 26th. Morgan Stanley cut shares of Workday from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $330.00 to $275.00 in a research report on Wednesday, February 19th. Redburn Atlantic assumed coverage on Workday in a report on Wednesday, February 19th. They set a “neutral” rating for the company. The Goldman Sachs Group lifted their price target on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, BMO Capital Markets upped their price objective on Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $300.18.

Workday Stock Performance

Shares of WDAY stock opened at $235.39 on Thursday. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a market capitalization of $62.61 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 3.55 and a beta of 1.38. The company has a 50-day simple moving average of $255.66 and a 200 day simple moving average of $254.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. On average, sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 70,144 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $250.26, for a total value of $17,554,237.44. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $25,776,029.22. The trade was a 40.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the transaction, the chief executive officer now directly owns 13,972 shares in the company, valued at $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 429,316 shares of company stock worth $108,168,536. Corporate insiders own 20.00% of the company’s stock.

Workday Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.